Zacks Investment Research upgraded shares of Addus Homecare (NASDAQ:ADUS) from a strong sell rating to a hold rating in a research report report published on Tuesday morning.
According to Zacks, “ADDUS HOMECARE is a comprehensive provider of a broad range of social and medical services in the home. The company’s services include personal care and assistance with activities of daily living, skilled nursing and rehabilitative therapies, and adult day care. Its consumers are individuals with special needs who are at risk of hospitalization or institutionalization, such as the elderly, chronically ill and disabled. Its payor clients include federal, state and local governmental agencies, the Veterans Health Administration, commercial insurers and private individuals. Addus operates its business through two divisions, home & community services and home health services. The home & community services are social, or non-medical, in nature and include assistance with bathing, grooming, dressing, personal hygiene and medication reminders, and other activities of daily living whereas the home health services are medical in nature and include physical, occupational and speech therapy, as well as skilled nursing. “
A number of other research firms have also issued reports on ADUS. Oppenheimer reissued a buy rating and issued a $45.00 target price on shares of Addus Homecare in a report on Tuesday, September 19th. BidaskClub raised Addus Homecare from a sell rating to a hold rating in a report on Friday, January 5th. Three investment analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. The company presently has an average rating of Hold and an average target price of $41.33.
Addus Homecare (NASDAQ ADUS) traded up $1.00 during trading hours on Tuesday, hitting $37.65. The stock had a trading volume of 32,700 shares, compared to its average volume of 32,438. The firm has a market capitalization of $437.66, a price-to-earnings ratio of 24.61, a P/E/G ratio of 1.59 and a beta of 0.17. The company has a debt-to-equity ratio of 0.23, a quick ratio of 2.68 and a current ratio of 2.68. Addus Homecare has a 1-year low of $29.90 and a 1-year high of $40.75.
Addus Homecare (NASDAQ:ADUS) last released its earnings results on Monday, November 6th. The company reported $0.42 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.38 by $0.04. The business had revenue of $108.60 million for the quarter, compared to analyst estimates of $108.99 million. Addus Homecare had a return on equity of 10.35% and a net margin of 4.30%. The company’s revenue for the quarter was up 4.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.39 earnings per share. analysts expect that Addus Homecare will post 1.42 earnings per share for the current fiscal year.
Several institutional investors have recently bought and sold shares of ADUS. Cortina Asset Management LLC boosted its stake in shares of Addus Homecare by 12.6% in the third quarter. Cortina Asset Management LLC now owns 609,003 shares of the company’s stock valued at $21,498,000 after buying an additional 68,010 shares in the last quarter. AJO LP boosted its stake in shares of Addus Homecare by 83.9% in the second quarter. AJO LP now owns 95,277 shares of the company’s stock valued at $3,544,000 after buying an additional 43,475 shares in the last quarter. Dimensional Fund Advisors LP boosted its stake in shares of Addus Homecare by 5.1% in the second quarter. Dimensional Fund Advisors LP now owns 867,298 shares of the company’s stock valued at $32,264,000 after buying an additional 42,304 shares in the last quarter. Paradigm Capital Management Inc. NY purchased a new stake in shares of Addus Homecare in the third quarter valued at approximately $1,385,000. Finally, GSA Capital Partners LLP purchased a new stake in shares of Addus Homecare in the second quarter valued at approximately $1,199,000. Hedge funds and other institutional investors own 92.97% of the company’s stock.
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Addus Homecare Company Profile
Addus HomeCare Corporation is a provider of personal care services, which are provided primarily in the home. The Company’s personal care services include assistance with bathing, grooming, oral care, skincare, assistance with feeding and dressing, medication reminders, meal planning and preparation, housekeeping and transportation services and other activities of daily living.
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